Depreciation
This query is : Resolved
18 April 2014
books of kushal shows on 1st Jan 2010
furniture rs20000.during the year a
part of furniture whose book value on
1st Jan 2010 is rs1200 has been
exchanged with another furniture by
paying additional rs 500.kushal
charge depreciation at 10% pa
the net amount of the furniture to
be shown in the balance sheet will
be?????
a 18508
b 20440
c 18396
d 18478 and how?
furniture rs20000.during the year a
part of furniture whose book value on
1st Jan 2010 is rs1200 has been
exchanged with another furniture by
paying additional rs 500.kushal
charge depreciation at 10% pa
the net amount of the furniture to
be shown in the balance sheet will
be?????
a 18508
b 20440
c 18396
d 18478 and how?
18 April 2014
what is date of replacement of old furniture?
18 April 2014
rs. 20000+500= 20500
20500@ 10%=2050=18450 wdv value
20500@ 10%=2050=18450 wdv value
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- TDS on property - Form 141 query
- Exiting partner in partnership firm in gst portal
- TDS offline utility
- Due Date Clarity
- NRI INSURANCE ADVISOR
- Applicability of Books of Account for Commission Income (Sections 194D & 194H)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
